Petrochemical Headlines
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Williams Partners: Louisiana Plant Should Produce Ethylene Next Month
(Thursday, October 30, 2014) Williams Partners L.P. Wednesday announced it expects its expanded Geismar Olefins plant to begin manufacturing ethylene for sale in November.

Big Polish Users Cut Back on Gas Supplied Direct from Russia
(Thursday, October 30, 2014) Some of Poland's biggest industrial users of natural gas are reducing their use of gas directly supplied from Russia's Gazprom, increasing the amount they buy from other sources.

U.S. EPA Seeks More Input on Sweeping Power Plant Rule
(Tuesday, October 28, 2014) U.S. regulators said on Tuesday they wanted more input on elements of a sweeping plan to reduce pollution from power plants and about the role natural gas can play to achieve emissions cuts.

Gulf Coast Growth Spurs Demand for Cleaning, Environmental Services
(Tuesday, October 28, 2014) Acquisition gives Texas-based industrial cleaning and environmental services firm capital to meet growing demand at Gulf Coast refineries, petchem plants.

Louisiana Ethane Cracker Project Goes to Fluor-Technip JV
(Monday, October 27, 2014) Fluor Corp., in a joint venture with Technip, was awarded a contract to continue to support Sasol with the detailed design, procurement and construction of its world-scale ethane cracker and derivatives complex in Westlake, Louisiana.

Celanese, Setsunan Reach Compounding Deal
(Monday, October 27, 2014) Celanese Japan Limited and Setsunakasei Co. Ltd. have signed a letter of intent to pursue an agreement whereby Setsunan will compound Celanese engineered polymers in Setsunan’s facilities in Japan.

Saudi SABIC's CEO Says Oil Price Decline Is Temporary
(Monday, October 27, 2014) Mohamed al-Mady was speaking to reporters after the company, one of the world's largest petrochemicals groups and the Gulf's largest listed company, reported a 4.5 percent drop in third-quarter net income, missing analysts' forecasts.

S.Africa's Sasol Gives Go-ahead to $8.1 Bln U.S. Ethane Cracker
(Monday, October 27, 2014) Sasol will build an $8.1 billion plant in the U.S. state of Louisiana to convert natural gas into plastics ingredient ethylene, it said on Monday, as part of the biggest overseas investment by a South African company.

EU Climate Change Goal Pits Green Business Against Industry
(Friday, October 24, 2014) A European Union goal to cut greenhouse gases by 40 percent by 2030, agreed early on Friday, sets the pace for a global deal to tackle climate change, pitting heavy industry against green business.

Saudi's SABIC, Shell Shelve Petchem Plant Expansion in Jubail
(Thursday, October 23, 2014) The expansion would have added capacity for polyols, propylene oxide and styrene monomer.

Westlake to Add Ethylene Capacity in Lake Charles
(Thursday, October 23, 2014) In addition to the 480 employee and 115 core contractor jobs that will be retained at the site, Westlake will add an additional 25 new direct jobs. This expansion is expected to create an estimated 1,000 construction jobs at peak activity.

Private Equity Eyes $13 Bln Bayer Plastics Business - Sources
(Wednesday, October 22, 2014) Private equity firms are circling Bayer's 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said on Wednesday.

Dow Chemicals to Cut $1 Billion in Costs Over 3 Years
(Wednesday, October 22, 2014) Dow Chemical Co, the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.

Asian Naphtha Imports to Stay High for 3rd Month, Adding to Glut
(Monday, October 20, 2014) Asia is set to import about 1.6 million tonnes of naphtha from the West in November, traders said on Monday, exacerbating a glut of the fuel that has already pummeled its prices in the region.

Japan Sep Petchem Naphtha Imports Rise 5.3 Pct y/y
(Friday, October 17, 2014) Japan's naphtha imports for the petrochemical sector rose 5.3 percent in September from the same month a year earlier, government figures showed on Friday.

Chemtura Expands Antioxidant Capacity for Auto Industry Demand Growth
(Friday, October 17, 2014) By 2015, the company will increase capacity at its Elmira, Ontario, Canada site by 20%, its Latina, Italy site by 25% and its Kaohsiung, Taiwan site by 10%.

North Dakota Group Plans $4 Billion Chemical Plant
(Monday, October 13, 2014) Badlands NGL LLC said on Monday it will build a $4 billion chemical plant in North Dakota to produce polyethylene, a key plastic used to make packaging, pipes and scores of other products.

Asia Naphtha-S Korea's LG Chem Buys at Steep Discount; Lowest Since 2010
(Friday, October 10, 2014) South Korea's LG Chem buys naphtha for second-half November delivery with traders estimating the price to be about $10 below Japan quotes on a cost-and-freight (C&F) basis, the lowest seen since July 2010 in South Korea.

Gazprom Deal on Track, Wintershall Says After Miller Comments
(Thursday, October 09, 2014) BASF's Wintershall on Thursday said a major deal with Gazprom was on track, after comments by the boss of the Russian company led to speculation it may be altered.

CB&I to License, Design Polypropylene Unit for China Project
(Thursday, October 09, 2014) CB&I Thursday announced it has been awarded a contract by Shenhua Ningxia Coal Industry Group Co. Ltd. for the license and engineering design of a polypropylene unit to be built in Lingwu, Yinchuan City, Ningxia, People's Republic of China.




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